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Economy to see 8-9% growth by Sept: PM

GUWAHATI: Prime Minister Manmohan Singh said the world economy will recover “partially” by September and India would then go back to the growth rate of 8-9%. “I expect the world economy to partially recover by September and if that happens we expect to go back to the growth rate of 8-9%, which has been the growth rate of India for the last five years,” the prime minister said while addressing a press conference at Amin Gaon in Guwahati. To a question on the reasons for the current global economic crisis, Manmohan Singh said: “This is a crisis because of the mishandling of the financial system by the major developed countries.”